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by DJBunnies 1203 days ago
They can’t both be cool?
3 comments

Nothing cool in throwing away lots of resources for no reason. In fact there's substantial heating involved.
One is a contest to waste the most resources, one has potential to actually have useful results
Why do you think Bitcoin does not have useful results?
Bitcoin has a use, but there are other options for consensus algorithms that don't waste as much energy as the citizens of a medium sized country and fill the same user case (and other expanded use cases). Why not just do that?
Strictly speaking, the comment you're replying to doesn't say which of the two is a contest to waste resources and which has potential to have useful results.
I assumed that this was doubling down on atleastoptimal’s view.
Can you cite an useful result? I can't but I don't think that some people getting richer is useful.
https://www.elliptic.co/blog/live-updates-millions-in-crypto...

https://www.cnbc.com/2022/03/23/ukrainian-flees-to-poland-wi...

In general, the purpose of Bitcoin is not to get rich, but to have a currency that is universally accepted and not tied to a political party’s fiscal decisions.

In general, so is the Federal Reserve.
Sure: I can buy servers and domains anonymously and buy drugs online, which are illegal in my country.
Well, I agree with you there.
Only if you really like big numbers for the sake of them. Otherwise, one is just straight up snake oil[0], and the other… is kinda hard to tell yet, because while I'm really impressed, I don't know if it's {a toy, a tool, the first sign of a major transformation}.

[0] did you know the original snake oils contains more omega-3 and therefore improves cognitive function when compared to lard? I did not. But you can get omega-3 elsewhere, and the people who made the term synonymous with fraud didn't use those snakes, so…